|[April 07, 2014]
Sensus Enhances Data Analytics Portfolio with Acquisition of Verdeeco
RALEIGH, N.C. --(Business Wire)--
a leading provider of clean technology solutions, has enhanced its data
analytics portfolio by acquiring Atlanta-based Verdeeco,
a smart grid analytics company offering big data solutions for electric,
water and gas utilities. Verdeeco will remain a separate brand but
operate as part of Sensus.
Utilities gathering data from smart sensors, including meters, and
external sources such as weather reports, will now be better able to use
the information for actionable intelligence that saves time and money.
Specific applications in the Verdeeco portfolio include transformer
utilization, load aggregation and alert and alarm management.
"The importance of data in our industry revolves around not only the
ability to gather it from disparate sources, but to generate actionable
insights that help utilities realize greater value from their technology
investments," said Sensus President Randy Bays. "Our customers can
select from individual applications that satisfy a specific need and
know that the platform exists for adding more applications in the
The Verdeeco suite of products, services and applications enables
utilities to aggregate data from smart meters, SCADA systems, customer
billing software, news services and a myriad of other sources. All of
the applications are hosted in a secure cloud by Verdeeco's Grid as a
Service™ platform. Cloud-based management reqires a lower upfront
capital investment, offers a reduced cost of ownership and enables the
utility to take advantage of new software functionality.
"These are exciting times in the industry; utilities are embracing new
technologies and processes that enable them to move from simply managing
data to applying data analytics to business functions and operations in
a more predictive mode. These capabilities, coupled with cloud-based
delivery, open up many opportunities for business improvement and
transformation," said Mike Smith, Vice President at the Utility
Utilities can maximize the value of their investment in communication
networks and advanced network applications through data analytics that
improve operations, reduce cost and enhance customer service.
"We are thrilled to join the Sensus family and broaden our platform to
deliver even more benefits to current and future customers," said
Verdeeco CEO Brian Crow. "The acquisition further validates our ability
to deliver innovative solutions to the utility industry."
Sensus is a leading clean technology solutions company offering smart
meters, communication systems, software and services for the electric,
gas, and water industries. Sensus technology helps utilities drive
operational efficiency and customer engagement with applications that
include advanced meter reading, data acquisition, demand response,
distribution automation, home area networking and outdoor lighting
control. Customers worldwide trust the innovation, quality and
reliability of Sensus solutions for the intelligent use and conservation
of energy and water. Learn more at www.sensus.com.
To follow Twitter (News - Alert) updates from Sensus, visit http://twitter.com/sensussmartgrid.
Verdeeco's "Grid as a Service" cloud-based platform provides utilities a
cost-effective, scalable way to leverage data to better achieve their
core mission. The "targeted apps" approach frees utilities from the time
and expense of integration and delivers mission-specific big data
analytics that reduce operational costs, increase service reliability,
boost customer satisfaction, and drive efficiency. For more information,
To follow Twitter updates from Verdeeco, visit http://twitter.com/verdeeco
and "like" Verdeeco on Facebook (News - Alert).
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